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Newcastle Herald
Newcastle Herald
National

Lenders not obliged to pass on rate rises

Newcastle Narrabri Central Coast Football Newcastle Herald Opinion

FORTUNATELY, I do not have a mortgage, but I did when interest rates hit 18 per cent, so I can sympathise with borrowers today.

The question I ask is why can't an owner/occupier, up to a certain income level, claim their home loan interest as a tax deduction?

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